---
schema_version: "secwatch.filing_event.v1"
accession: "0001023128-24-000095"
form_type: "8-K"
ticker: "LAD"
cik: "0001023128"
company_name: "LITHIA MOTORS INC"
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T13:36:05.900221+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Lithia Q2 record revenue $9.2B (+14% YoY); EPS down 27% to $7.87; $0.53 dividend

## Summary
- Revenue $9.2B (+14% YoY), record Q2; net income $217M ($7.87 diluted EPS), down 27% YoY.
- Financing operations (Driveway Finance) reported first profitable quarter with $7M income.
- Board declared $0.53 per share dividend, payable Aug 23 to holders of record Aug 9.
- Repurchased 793k shares in 2024 at avg $256; $613.8M remains under authorization.
- Acquired two stores in TN and one in Toronto; minority stake in Wheels, Inc. completed in Q3.

## SEC filing metadata
- accession: 0001023128-24-000095
- form_type: 8-K
- ticker: LAD
- cik: 0001023128
- company_name: LITHIA MOTORS INC
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023128/000102312824000095/0001023128-24-000095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023128/000102312824000095/lad-20240801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001023128-24-000095
- JSON: https://secwatch.observer/filing/0001023128-24-000095.json
- Plain text: https://secwatch.observer/filing/0001023128-24-000095.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.